Strengthening Governance through the Compliance Committee and Internal Controls
First written in FY2017. 4 of 5 entries say "Advanced", first in FY2018-Q4. Latest entry: FY2021.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「In addition to establishing a framework under which factors giving rise to risks are identified at the Risk Management Headquarters convened under the risk management rules, reported to the Standing Officers’ Committee, discussed by that committee, and then reported to the board of directors, the company discusses potential risks, preventive measures, and responses when risks materialize at Compliance Committee meetings and will continue strengthening its risk management framework through guidance provided to department heads.」
The reporting and discussion process from the Risk Management Headquarters to the Standing Officers’ Committee and the board of directors has been specified, making the risk management framework more concrete. - FY2020AdvancedAnnual report
「In addition to establishing internal rules and manuals, the company has established a framework under which factors giving rise to risks are identified at weekly management meetings, reported to the Standing Officers’ Committee, discussed by that committee, and then reported to the board of directors. At Compliance Committee meetings, the company discusses potential risks, preventive measures, and responses when risks materialize, and will continue strengthening its risk management framework through guidance provided to department heads.」
The reporting and discussion process for risk identification, from weekly management meetings to the Standing Officers’ Committee and then the board of directors, has been specified. - FY2019AdvancedAnnual report
「In addition to establishing internal rules and manuals, the company has established a framework under which factors giving rise to risks are identified at weekly management meetings and reported to the board of directors. At Compliance Committee meetings, the company discusses potential risks, preventive measures, and responses when risks materialize, and will continue strengthening its risk management framework through guidance provided to department heads.」
The company specifically disclosed the identification of risks and reporting to the board of directors at weekly management meetings, as well as risk analysis and discussions of countermeasures by the Compliance Committee. - FY2018-Q4AdvancedAnnual report
「Strengthening the company’s internal control framework by leveraging Odakyu Electric Railway’s expertise and know-how in internal controls, including personnel support」
Specific cooperation to strengthen the internal control framework by leveraging Odakyu Electric Railway’s expertise, know-how, and personnel support was added to the capital and business alliance agreement. - FY2017First statedAnnual report
「The Compliance Committee, chaired by the representative director and president, meets quarterly to continuously strengthen the corporate governance and compliance frameworks.」
The company disclosed for the first time, as an independent initiative, an operating framework under which a Compliance Committee chaired by the president meets quarterly to continuously strengthen governance, compliance, and risk management.